Air Products and Chemicals forward PE APD

Share price divided by analysts' consensus earnings for the next twelve months, since 1996.

Today, Oct 23, 2026: 21.6×
10-year median: 23.5×
Against its 10-year history: 22nd; percentile: 0 is its lowest day, 100 its highest
10-year range: 18.2× to 34.7×
Peer median: 26.8×

Air Products and Chemicals' forward PE is 21.6× as of Oct 23, 2026.

That is below its ten-year median of 23.5×, lower than on 78% of days in the last ten years.

Over that time it ranged from 18.2× in Feb 2024 to 34.7× in Jul 2020.

The median for 10 specialty chemicals stocks of a similar size is 26.8×.

Forward PE over time

median 23.5×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	21.6×	19.2×	22.6×
2025	19.0×	18.4×	27.8×
2024	24.3×	18.2×	27.7×
2023	22.5×	21.6×	27.6×
2022	27.1×	21.0×	29.1×
2021	29.8×	25.8×	31.4×
2020	29.9×	22.1×	34.7×
2019	28.2×	19.1×	28.8×
2018	19.6×	18.9×	24.8×
2017	23.9×	22.3×	24.6×
2016	24.2×	13.8×	25.1×
2015	15.3×	15.0×	21.6×
2014	21.5×	16.7×	21.5×
2013	18.4×	14.3×	18.4×
2012	14.0×	12.9×	15.6×
2011	14.2×	12.4×	15.8×
2010	14.8×	11.5×	15.9×
2009	15.5×	11.0×	16.6×
2008	11.6×	11.0×	22.8×
2007	19.5×	16.2×	20.1×

Against its peers

Companies in Chemicals - Specialty nearest Air Products and Chemicals' size, closest first, today.

Company	Forward PE
APDAir Products and Chemicals	21.6×
ECLEcolab	33.5×
SHWSherwin-Williams	26.3×
PPGPPG Industries	13.4×
IFFInternational Flavors & Fragrances	27.3×
LYBLyondellBasell Industries	9.2×
LINLinde	27.2×
RPMRPM International	n/m
CLXClorox	n/m
NEUNewmarket	n/m
AXTAAxalta Coating Systems	n/m
Peer median	26.8×

Where Air Products and Chemicals ranks

#12of 21Materials stocks with the lowest forward PE

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Air Products and Chemicals

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.